AI cloud firm CoreWeave shares fall 25% as founders sell $3.3 billion
The gist
CoreWeave founders sold $3.3 billion in stock as shares plunged 25%.
The debt-funded AI cloud model is now under scrutiny from bond and stock investors.
How it unfolded
- Mar 2025CoreWeave held its IPO.
- Jun 2025CoreWeave stock hit a record high; CEO Michael Intrator's stock sales began about two months later.
- Oct 14, 2026CoreWeave stock fell 15.5% after hotter-than-expected US inflation data; short sellers made around $806 million in paper profit that day, per Nicholas Mugalli of World Trade Securities.